ISI Group upgrades the machinery sector after it does a bit of channel checking, and while the...
ISI Group upgrades the machinery sector after it does a bit of channel checking, and while the firm cuts estimates to below consensus, it reckons that the bottom will come in H1 as inventories are reduced. Caterpillar (CAT), CNH Global (CNH), Cummins (CUM), Deere (DE), Eaton (ETN), Illinois Tool Works (ITW), Ingersoll-Rand (IR) and Oshkosh (OSK) all receive an upgrade. ISI tips Caterpillar to be among the best performers in H1 after it was a notable laggard last year.
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